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Apr 2, 2023
04/23
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tax credit. that is left up to congress. it is less certain whether any major tax policies -- changes will make it through the bite in congress this year. we could potentially see a compromise be worked out on maybe a smaller expansion of the child tax credit. that still remains to be seen whether lawmakers take that up. host: i want to bring up -- biden has proposed his budget. he wants to raise taxes on wealthy americans in certain ways. and sunset some taxes. there is a market watch article, the headline says biden's tax hike on high earners are unlikely to it through congress. a bigger debate, the trump era tax cuts that expire in 2025. here is a little bit of an excerptthatarket watch article by reporter andrew kastner. it says, the son will soon set on trump era tax rules related to marginal rates, standard deduction amounts, thd tax credit and other provisions. these rules were part of the trump era tax cuts and jobs act of 2017, a law overhauling income tax rules for individuals , the sta
tax credit. that is left up to congress. it is less certain whether any major tax policies -- changes will make it through the bite in congress this year. we could potentially see a compromise be worked out on maybe a smaller expansion of the child tax credit. that still remains to be seen whether lawmakers take that up. host: i want to bring up -- biden has proposed his budget. he wants to raise taxes on wealthy americans in certain ways. and sunset some taxes. there is a market watch article,...
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Apr 18, 2017
04/17
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CSPAN
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sales tax. we never have enough food and everything. go by food i if i have $.50 for tax. intervieweesncome speak knowledgeably about which items are subject to sales tax. lives in mississippi where groceries are subject to sales tax. anything i can load in the back of my car to bring home with me. this is often ignored by people even slightly wealthier. it falls very heavily on low income people. of theirabout 11% income in state and local taxes including sales tax. for a family being taxed on --ceries that adds up to a caller: good morning. one of the questions was answered. i was wondering where did miss williamson get her facts from. i am here in texas. i have an in social services particularly the welfare aspect for over 20 years. illegal immigrants do not pay taxes. i know that from 20 years of working in this industry. you can't pay income tax when you get paid in cash. they do sales tax but not put back into the system. that gets at the core of a very fundamental concern americans have a
sales tax. we never have enough food and everything. go by food i if i have $.50 for tax. intervieweesncome speak knowledgeably about which items are subject to sales tax. lives in mississippi where groceries are subject to sales tax. anything i can load in the back of my car to bring home with me. this is often ignored by people even slightly wealthier. it falls very heavily on low income people. of theirabout 11% income in state and local taxes including sales tax. for a family being taxed on...
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Feb 27, 2017
02/17
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CSPAN
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corporate tax it border adjustable and destination-based tax and also simple find the tax code, dealing with overseas, so you don't have space erosion. having the border adjustable tax allows for a lot of other reforms. is both the overall tax cut and the capacity to reform. host: you wanted to reply. guest: a couple things are little unrealistic here. the actual taxes paid by u.s. companies averages 22%, so there's a gap between what is in a lot of what we collect. it really comes down to cost and benefits. they may still be worth doing. the border tax is a particularly expensive way of paying for these costs. if all the things grover wants in terms of corporate tax reform , may or may not be a good idea, but the border tax allows you way to pay for it because it's not actually that simple. you're going to have carveouts for various industries. you're going to have an exchange rate moved to compensate or else he will have retaliation from our trading partners, which is frankly not about us being wimpy but about us being hurt. there are a lot of somewhere ways you can raise the revenue
corporate tax it border adjustable and destination-based tax and also simple find the tax code, dealing with overseas, so you don't have space erosion. having the border adjustable tax allows for a lot of other reforms. is both the overall tax cut and the capacity to reform. host: you wanted to reply. guest: a couple things are little unrealistic here. the actual taxes paid by u.s. companies averages 22%, so there's a gap between what is in a lot of what we collect. it really comes down to cost...
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Dec 4, 2016
12/16
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CSPAN
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today we've got fair tax, flat tax, abc tax, we have provisions, smart ideas on tax reform. we have the same dynamic. third dynamic then, we had a president willing to lead on tax reform. today we have a new president coming into office willing to lead on tax reform. those dynamics that existed for the 1986 reforms have reoccurred again in a major way. this is a unique opportunity for us to do what most americans have given up hope will ever happen. it's a dramatic opportunity to leap frog america back in the most competitive place on the planet to create that new job. we are determined to deliver on that. so thank you very much for having me here today. [applause] >> if our panel would like to join us here on the stage, we'll continue this discussion. and i will turn the program over to my colleague david burton. when we are talking congress, i always want to call you dan burton for some reason. excuse me if i slip into that. david burton serves as our senior fellow in thomas a. rowe institute for economic policy studies and he will lead the , rest of this discussion. david
today we've got fair tax, flat tax, abc tax, we have provisions, smart ideas on tax reform. we have the same dynamic. third dynamic then, we had a president willing to lead on tax reform. today we have a new president coming into office willing to lead on tax reform. those dynamics that existed for the 1986 reforms have reoccurred again in a major way. this is a unique opportunity for us to do what most americans have given up hope will ever happen. it's a dramatic opportunity to leap frog...
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Nov 8, 2017
11/17
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CSPAN2
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taxes. families making more than $24,000 a year will pay significantly less than they are paying today. we're also going to help families by substantially increasing the child tax credit. we're going to simplify and streamline the tax code so that it's easier for americans to figure out what benefits they qualify for so they don't have to spend a lot of time and money filing their taxes. but, mr. president, that's only the beginning. americans don't just warrant to keep -- don't just want to keep more of their hard-earned money, they also want to be making more of it, but americans have had a hard time doing that lately. wages have been stagnant for years and new opportunities have been hard to find. so in addition to reforming the the -- tax code, we will reform the business side so we can give americans wages that will settle them up for a secure future. we need american businesses to thrive. thriving businesses creates jobs, they provide opportunities, and they increase wages and invest i
taxes. families making more than $24,000 a year will pay significantly less than they are paying today. we're also going to help families by substantially increasing the child tax credit. we're going to simplify and streamline the tax code so that it's easier for americans to figure out what benefits they qualify for so they don't have to spend a lot of time and money filing their taxes. but, mr. president, that's only the beginning. americans don't just warrant to keep -- don't just want to...
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4.0
Jun 18, 2021
06/21
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effective tax rate and low tax rate compared to his wealth growth. and some of the billionaires said that they gave to charity. which is true and a way to lower your tax bills. but we did not think that was entirely relevant to the picture because charitable donations are a personable spending on society. it is a way to spend on society, but a way to spend on your own hobbies and policy preferences. and it is not of course paying taxes. and paying taxes is the way a democracy or any government really, but in our government, our democracy, is allocated in democratic ways that extracts from everybody and what we found in our finding, our major finding, is that the tax system is essentially unfair. because the superrich are not paying their fair share. host: jesse eisinger to take your questions and comments about the pro-public art report. looking at billionaires and what they pay in income taxes. if you are a republican, dial in at (202) 748-8001. democrats, (202) 748-8000 and independence, (202) 748-8002. text us at (202) 748-8003. include your first
effective tax rate and low tax rate compared to his wealth growth. and some of the billionaires said that they gave to charity. which is true and a way to lower your tax bills. but we did not think that was entirely relevant to the picture because charitable donations are a personable spending on society. it is a way to spend on society, but a way to spend on your own hobbies and policy preferences. and it is not of course paying taxes. and paying taxes is the way a democracy or any government...
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Apr 15, 2013
04/13
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FOXNEWS
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income tax. there are sneaky taxes that most of you may not even know about that. >> we pay them all day long from the moment i wake up and turn on the light. i pay more when i brush my teeth, license my dog, my building pays property taxes and when they leave home to take the subway i paid the metropolitan commuter one negative commuter tax. i make phone calls or get a bite to eat, soda and drink drink, when a gas up my car as much as one-quarter of the price is the state and city excise taxes. people pay sales taxes all day long. so many taxes. i need a drink. i am lucky i don't smoke. this is one reason american economic growth has stalled says scott hodge president of the tax foundation. when i think of these rules i think of safety regulations and the constant spiderweb not the tax code. we have done okay with the tax code. >> the tax code is a mess because of the 70,000 pages that dictate virtually every aspect of our lives and cost americans 6 billion hours of our time just to comply. six
income tax. there are sneaky taxes that most of you may not even know about that. >> we pay them all day long from the moment i wake up and turn on the light. i pay more when i brush my teeth, license my dog, my building pays property taxes and when they leave home to take the subway i paid the metropolitan commuter one negative commuter tax. i make phone calls or get a bite to eat, soda and drink drink, when a gas up my car as much as one-quarter of the price is the state and city excise...
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Apr 17, 2018
04/18
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tax at alla. vast majority of people will get a tax cut. on pay stubs.t i ask people to compare pay stub they are currently receiving received last year. i think they will probably see withhold are for federal income tax has fallen as they of are the tax cuts. you think the polling reflects reality of people's results here?e tahome pay.anges in are seeing more. -- the i.r.s. will calculate how much tax cut you should be receiving. worth, texas, republican. go ahead. caller: thank you. hat is the rationale for considering social security and anded me entitlement since we pay for it? guest: that is only partly true. happens during your working life, you would money into social security system and money went out the door almost immediately spending.government there is no big bank account keeps social nt security and medicare, there is paying in er workers to support the programs and more elderly folks taking money out there is a giant multi trillion dollar gap and the takeay out in on the programs. t
tax at alla. vast majority of people will get a tax cut. on pay stubs.t i ask people to compare pay stub they are currently receiving received last year. i think they will probably see withhold are for federal income tax has fallen as they of are the tax cuts. you think the polling reflects reality of people's results here?e tahome pay.anges in are seeing more. -- the i.r.s. will calculate how much tax cut you should be receiving. worth, texas, republican. go ahead. caller: thank you. hat is...
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as it relates to state tax, the death tax, we believe that people get taxed once and not twice. that will enable to keep lots of family businesses passed along. but the estate tax, you are correct. the majority of the estate taxes is paid by the wealthy. so we're focused on changes to the income tax system. >> but you proposed to eliminate estate tax. on those changing to the income tax system, if i understand you correctly, you say the objective is that the wealthiest will not get a benefit. are you saying that the president is going veto a final bill if it provides a tax cut to the wealthiest americans? >> the president very much wants to get tax reform done because it's critical to the growth and the economy. that's something we have been talking about since the campaign. we fundamentally believe we can get back to a sustained 3% gdp or higher. which adds literally millions and millions of jobs and over $10 trillion to gdp. and that's our focus. so the president wants to get tax reform. we're working with the house and senate. and we're hoping to get something on his desk to
as it relates to state tax, the death tax, we believe that people get taxed once and not twice. that will enable to keep lots of family businesses passed along. but the estate tax, you are correct. the majority of the estate taxes is paid by the wealthy. so we're focused on changes to the income tax system. >> but you proposed to eliminate estate tax. on those changing to the income tax system, if i understand you correctly, you say the objective is that the wealthiest will not get a...
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Feb 4, 2023
02/23
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CSPAN
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tax rates. and the shares of taxes paid by higher income households are much larger than shares paid by lower income households. when you transition to something like a retail sales tax, it kind of flips that distribution of the tax burden on its head so lower and middle income households would face relatively larger tax burdens and higher income households would face relatively smaller tax burdens compared to the system we have today. another challenge created by the proposal as it is formulated now is in terms of how much revenue the federal government raises. the rates the proposal has set about 23% tax inclusive rate which translates to a 30% tax exclusive rate, would not raise enough revenue, especially when you factor in the rebate program , to keep the government whole compared to the revenue it raises now under the current system. host: talk about the program they are proposing -- rebate program there proposing. guest: one of the big challenges with a sales tax is it is regressive in sal
tax rates. and the shares of taxes paid by higher income households are much larger than shares paid by lower income households. when you transition to something like a retail sales tax, it kind of flips that distribution of the tax burden on its head so lower and middle income households would face relatively larger tax burdens and higher income households would face relatively smaller tax burdens compared to the system we have today. another challenge created by the proposal as it is...
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Oct 27, 2017
10/17
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CSPAN
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they interchangeably use the word tax cut and tax reform. this is about a tax cut. i yield back my time. the speaker pro tempore: the gentleman from kentucky reserves. mr. yarmuth: reserves. the speaker pro tempore: the gentlelady from tennessee is recognized. mrs. black: i reserve. mr. yarmuth: mr. speaker, i now yield to three minutes to the gentleman from maryland, the democratic whip, mr. hoyer. the speaker pro tempore: the gentleman virginia tech. mr. hoyer: i thank the gentleman for yielding. mr. speaker, i have been here, this is my 37th year. this is the most reckless and irresponsible budget that i have seen in the 37 years that i have been here. today we're considering the senate's budget resolution. not because the house supports it, but because it is just a vehicle to get partisan tax reform. strike that, tax cut. on an issue as consequential as tax reform, the congress should not be rushing to meet self-imposed political deadlines without enough time to read and analyze its effects. more importantly, we should not be considering a bill to cut taxes that
they interchangeably use the word tax cut and tax reform. this is about a tax cut. i yield back my time. the speaker pro tempore: the gentleman from kentucky reserves. mr. yarmuth: reserves. the speaker pro tempore: the gentlelady from tennessee is recognized. mrs. black: i reserve. mr. yarmuth: mr. speaker, i now yield to three minutes to the gentleman from maryland, the democratic whip, mr. hoyer. the speaker pro tempore: the gentleman virginia tech. mr. hoyer: i thank the gentleman for...
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if you if you have these tax cuts these bush tax tax cuts it doesn't necessarily mean they're going rich people are going to grow the economy doesn't necessarily mean they're going to invest in the economy it doesn't necessarily mean they're going to create jobs do you agree or disagree with that. as generally as i can i would agree with. you know the bush tax cuts affected income filers of all income brackets and so you may see more investment being spurred by cuts to the rich as a result for two earlier you know some trickle down effect but the low income earners are also benefiting from from these tax cuts which are set to expire and twenty thirteen in addition to that low income earners are also benefiting right now from a two percent reduction absolute two percent reduction from six point five to four point five percent on the payroll tax tax which directly goes towards social security and medicaid benefits and this tax does by a greater proportion a fact the wealth and income of low income earners. but at a time when we when we have a serious fiscal. crisis in the united states deb
if you if you have these tax cuts these bush tax tax cuts it doesn't necessarily mean they're going rich people are going to grow the economy doesn't necessarily mean they're going to invest in the economy it doesn't necessarily mean they're going to create jobs do you agree or disagree with that. as generally as i can i would agree with. you know the bush tax cuts affected income filers of all income brackets and so you may see more investment being spurred by cuts to the rich as a result for...
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Oct 26, 2017
10/17
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CSPAN
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is notcan tax framework tax reform. it is just one more gop multi-trillion dollar giveaway to the wealthiest at the expense of the middle class and working americans. in all my time in congress, i have never seen a budget and tax ton that harmed so many just benefit so few. i urge my colleagues to vote against this rule, both against this cruel republican budget, and oppose attacks land that puts wealthy corporations and the top one percent ahead of hard-working middle-class families. i reserve the balance of my time. >> the gentleman from georgia is recognized. i had opportunity to mention at the beginning we might be debating the details of a tax reform plan that does not exist. we are in fact going to do that. there are a lot of studies on this tax reform plan that does not yet exist. agree that we have the single least competitive tax code on the planet today. we can all agree that with the click of a mouse, a company can transfer its assets overseas and grote jobs there instead of growing jobs here. let us have the
is notcan tax framework tax reform. it is just one more gop multi-trillion dollar giveaway to the wealthiest at the expense of the middle class and working americans. in all my time in congress, i have never seen a budget and tax ton that harmed so many just benefit so few. i urge my colleagues to vote against this rule, both against this cruel republican budget, and oppose attacks land that puts wealthy corporations and the top one percent ahead of hard-working middle-class families. i reserve...
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38
Sep 26, 2017
09/17
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CSPAN
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payingld they go against those taxes -- tax codes? areed to say, the wealthy doing wrong by not paying this amount of taxes or they are doing something that was a crime. when i learned and i took that course, it opened up my eyes, they are not doing a crime, they just go according to the code. guest: how do you like the tax code that course -- course? guest: there are so many issues and terms of what you can write off, a top -- a complicated tax code for real estate investors. if you are doing it yourself, best wishes but pay attention and maybe have a professional help you with it. host: if the senate effort on repealing and replacing the affordable care act does not pass, what you think is the best way forward for the house and the senate on health care? guest: we cannot ignore this problem. hoping it goes away is not a way to manage. countyith the administrator and one of my districts and their insurance rates went up 18% this year, 17% the previous zero and five years, if the rates continued to grow up like this, they will not be
payingld they go against those taxes -- tax codes? areed to say, the wealthy doing wrong by not paying this amount of taxes or they are doing something that was a crime. when i learned and i took that course, it opened up my eyes, they are not doing a crime, they just go according to the code. guest: how do you like the tax code that course -- course? guest: there are so many issues and terms of what you can write off, a top -- a complicated tax code for real estate investors. if you are doing...
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Mar 15, 2017
03/17
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MSNBCW
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we have two tax systems, well-to-do people, you and i file -- calculate our tax twice, the regular tax system and the alternative minimum tax. if we didn't have the alternative minimum tax and donald trump in writing wants to end the alternative minimum tax he would have paid taxes at a lower rate than the bottom half of taxpayers, the the poor in this country who make less than $33,000. think about that, $153 million almost of income, he would have paid a little over $5 million less than 3.5%, less than the half of taxpayers who make under $33,000. as it is, because of the alternative minimum tax he paid $36.5 million, not the $38 the white house statement says. they're counting his self-employment tax which is payroll taxes. $36.5 million, he paid 24%. you know who pays 24% in this country? married couples with two incomes like my wife and i who make around $400,000 a year. donald trump and his wife that year made $418,000 a day. and the point of this is the top in this country, people at the top are not burdened the way we suggest. i was in -- >> let me stop you and restate some of
we have two tax systems, well-to-do people, you and i file -- calculate our tax twice, the regular tax system and the alternative minimum tax. if we didn't have the alternative minimum tax and donald trump in writing wants to end the alternative minimum tax he would have paid taxes at a lower rate than the bottom half of taxpayers, the the poor in this country who make less than $33,000. think about that, $153 million almost of income, he would have paid a little over $5 million less than 3.5%,...
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0.0
Feb 25, 2024
02/24
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CSPAN
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guest: the refund ability cap on the tax credit, the threshold for earned income tax credit, the tax brackets, the standard deduction, various thresholds were different tax rates kick in for different purposes. the limits on the section 199a deduction are adjusted for inflation, the state tax exemption is adjusted for inflation, various provisions like that through the tax code. all of them are for the idea of not taxing taxpayers on inflationary increases in their income. host: the house passed a bipartisan package on taxes that seemed to fall apart when it got to the senate. what is included, and what are the hopes for that moving forward? the house passed tax package has several important components. the main ones are restoring g toxic standards -- tax extenders in washington. it's usually everyone or two years and every one or two years congress extends them for another short time. congress has not done that for several years so there is a handful of tax policies that are sitting there unaddressed and expired. the idea with this package would be to retroactively restore those. th
guest: the refund ability cap on the tax credit, the threshold for earned income tax credit, the tax brackets, the standard deduction, various thresholds were different tax rates kick in for different purposes. the limits on the section 199a deduction are adjusted for inflation, the state tax exemption is adjusted for inflation, various provisions like that through the tax code. all of them are for the idea of not taxing taxpayers on inflationary increases in their income. host: the house...
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Nov 22, 2014
11/14
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CSPAN
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transfer tax, a national sales tax. today we're examining the case a national sales tax. the first national sales tax was introduced by congressman dan shafer and billy koza in 1996. 1999, representative john linder introduced the fair tax. the primary difference between the two plans is that the fair tax repeals payroll taxes and accordingly, has a somewhat higher tax rate, statutory tax rate to raise the same amount of revenue. john linder has retired. successor in congress is our speaker today. is todayan rob woodall the lead sponsor of the fair tax. 75 cosponsorsas and it is, in terms of cosponsorship, by far the leading tax reform proposal in congress. today representative woodall is going to speak to us and answer audience questions, and then get congress.s work in then we'll have two excellent todd mccracken, president of the national small business association, and karen wallaby, who is research director of americans for taxation. after their remarks, we'll have an additional question-and-answer session. one fin
transfer tax, a national sales tax. today we're examining the case a national sales tax. the first national sales tax was introduced by congressman dan shafer and billy koza in 1996. 1999, representative john linder introduced the fair tax. the primary difference between the two plans is that the fair tax repeals payroll taxes and accordingly, has a somewhat higher tax rate, statutory tax rate to raise the same amount of revenue. john linder has retired. successor in congress is our speaker...
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53
Mar 10, 2017
03/17
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CSPAN3
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added tax. so if you care about productivity, then you actually increase the overall complexity of our tax system because you're bringing in millions of people who aren't in the system now that will be brought into the system to get a vat rebate. unless you don't care about distribution. you have to have a corporate income tax of some size in order to enforce an individual income tax. otherwise we will all incorporate and cheerfully have a large, essentially, deductible i.r.a. of initial size. you have all of these issues. this is part of the division between economists and lawyers. lawyers begin to think of what does one do if you repeal a corporate income tax and substitute a value added tax. and the answer is it is a very complicated tax system that you'll end up with and i don't think there is any country in the world, developed country, that has repealed its corporate income tax and relied only on a value added tax. value added taxes overseas are a product of a much larger scale of governme
added tax. so if you care about productivity, then you actually increase the overall complexity of our tax system because you're bringing in millions of people who aren't in the system now that will be brought into the system to get a vat rebate. unless you don't care about distribution. you have to have a corporate income tax of some size in order to enforce an individual income tax. otherwise we will all incorporate and cheerfully have a large, essentially, deductible i.r.a. of initial size....
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135
Dec 21, 2010
12/10
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CSPAN2
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and you have things in tax holidays. massachusetts has a tax holiday. some states enough for certain items than others. but as another complication to it and states are constantly doing it. i think in answer to scott from the point of view of it so easy to become a national or international marketer, it is probably time for the patent code to grow as well and become realized that they're changing. and they're starting. we don't think they've gone far enough. but that is the key as well. i don't think the states should set their say no, well things have changed and so therefore businesses have to pile up all these extra expenses and get a tax department and tax lawyers to learn and worry about what can be collect good in the right collection and getting enough to the right place. and the states not do anything to change this tax code that based upon political boundaries, which are becoming less and less relevant to an extent in today's marketplace. >> but is it fair to say that there are software packages out today that weren't there in 1992 and the supr
and you have things in tax holidays. massachusetts has a tax holiday. some states enough for certain items than others. but as another complication to it and states are constantly doing it. i think in answer to scott from the point of view of it so easy to become a national or international marketer, it is probably time for the patent code to grow as well and become realized that they're changing. and they're starting. we don't think they've gone far enough. but that is the key as well. i don't...
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21
Oct 30, 2017
10/17
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CSPAN
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the tax that everyone pays our payroll taxes and state and local taxes. only the income tax, which is what this is focused on, there is not much you can do. the president is trying to provide tax relief to americans. didugh doubling of standard option, you are will have income and there will be an increase of the child tax bydit, which was proposed the president and that is a component of the plan. skew totribution will the wealthiest, who pay the most. we should look at the impacts and we see the economic -- we don't just say this, we know this. it will create wage increases for workers. that will benefit middle income workers the most. >> what should we know about what dynamic scoring means. and your reaction to what the color said? >> thank you for asking. i was hoping you would. there could be some feedback. collect taxesyou and encourages someone to do something differently and it will have an impact on the economy. the joint tax committee already does dynamic scoring. it just does not do it to the required ands look, i am going to talk about this as
the tax that everyone pays our payroll taxes and state and local taxes. only the income tax, which is what this is focused on, there is not much you can do. the president is trying to provide tax relief to americans. didugh doubling of standard option, you are will have income and there will be an increase of the child tax bydit, which was proposed the president and that is a component of the plan. skew totribution will the wealthiest, who pay the most. we should look at the impacts and we see...
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46
Apr 11, 2014
04/14
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FBC
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suppressing investment through the multiple layers of tax, you have corporate tax, dividend tax, capital gains, taxing the same dollar. john: we need simplicity. you have david way over on the left. he worked for the "new york times." you are on the right. >> i am a business founder. john: you represent those rich people. where is the difference? >> we're concerned about workers, about the poor, concerned about general welfare, and the thing is that the best thing for the poor is to stop these excessive tax burden on investment. john: you don't have a difference. >> we disagree on the last points. >> we would disagree about perhaps, i think current tax system protects existing wealth, and holds back striveers. it is the strive rs people that create no fortune. john: you say donald trump, they are striveers? >> their grand children should they be able to inherit everything. john: inheritance tax is not a big factor in tax revenues. >> it is done to help people avoid a estate tax involves huge things with the income tax, part of the problem is that political power, that you see that is dis
suppressing investment through the multiple layers of tax, you have corporate tax, dividend tax, capital gains, taxing the same dollar. john: we need simplicity. you have david way over on the left. he worked for the "new york times." you are on the right. >> i am a business founder. john: you represent those rich people. where is the difference? >> we're concerned about workers, about the poor, concerned about general welfare, and the thing is that the best thing for the...
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0.0
Feb 27, 2023
02/23
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CSPAN2
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it was taxes. certainly when we think of the conditions in the united states, politically, economically, 1929, 1930, the very dawn of the great depression, we should recognize that only for 13 years of american history, for 17 years i'm sorry, in american history, at that point had the nation had an income tax, never had an income tax for any duration at all prior to 1913. so as new income tax in the united had always relied on the tariff to carry its revenue load, along with excise taxes like on alcohol. but then when they passed the biggest tariff in american history in 1930, the smoot-hawley, you had both the biggest tariff in american history, plus an income tax that at the top was taking 25% of income. this was a completely unprecedented governmental fiscal imprint, tax imprint on the american. so just naturally should expect that a great depression would have occurred then if you're a visitor from mars. just looking at, you know, what changed in terms of american taxation from 1789 to 1930, y
it was taxes. certainly when we think of the conditions in the united states, politically, economically, 1929, 1930, the very dawn of the great depression, we should recognize that only for 13 years of american history, for 17 years i'm sorry, in american history, at that point had the nation had an income tax, never had an income tax for any duration at all prior to 1913. so as new income tax in the united had always relied on the tariff to carry its revenue load, along with excise taxes like...
0
0.0
Feb 3, 2023
02/23
by
CSPAN
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sales tax in lieu of income taxes, payroll taxes, estates, and gift taxes. sales tax rates ll be 23% in 2025, adjusted in subsequent years. no irs funding after 2027 and it provides "a family consumption allowance to each household." it is worth the national sales tax paid on goods and services up to the poverty level. so let's talk about the pros and cons of this. guest: so really it is a fundamental alteration of the way federal government would raise revenue. it would shift from largely income taxation that we have now to consumption taxation but it would create a number of challenges the way it is proposed. one of the big issues from a taxpayers perspective would be what it would mean for finances. the tax system we have today is a highly progressive tax system, that means as income rises, so do average tax rates. and the shares of taxes paid by higher income households are much larger than shares paid by lower income households. when you transition to something like a retail sales tax, it kind of flips that distribution of the tax burden on its head so
sales tax in lieu of income taxes, payroll taxes, estates, and gift taxes. sales tax rates ll be 23% in 2025, adjusted in subsequent years. no irs funding after 2027 and it provides "a family consumption allowance to each household." it is worth the national sales tax paid on goods and services up to the poverty level. so let's talk about the pros and cons of this. guest: so really it is a fundamental alteration of the way federal government would raise revenue. it would shift from...
1
1.0
Feb 10, 2023
02/23
by
BELARUSTV
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uh, transportation tax. that is, it will be possible for a citizen to pay with one payment by pressing one button. it is very comfortable. very convenient sergey cooking can not help but ask you. in insight exclusive information for the economic environment, should we expect any major changes in tax legislation in the near future? and if so, what are these innovations that are in demand in the country today, or we have already perfected the tax system. well, nothing is perfect, so this is firstly, and secondly, life dictates. it was right in your story that it was said somewhere that the tax code is not a dogma, but it changes, in accordance with how the world is changing, if we talk about the position of the ministry of taxation, i i think my colleagues will agree with me. we are in favor of stability, and i think, i am convinced that an increase in the receipt of payments should be sought on the path of expanding the tax base; they are on the path of raising the tax rates themselves. it is along this path.
uh, transportation tax. that is, it will be possible for a citizen to pay with one payment by pressing one button. it is very comfortable. very convenient sergey cooking can not help but ask you. in insight exclusive information for the economic environment, should we expect any major changes in tax legislation in the near future? and if so, what are these innovations that are in demand in the country today, or we have already perfected the tax system. well, nothing is perfect, so this is...
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Mar 10, 2017
03/17
by
CSPAN3
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eye 21
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no longer would be any such tax to the extent that other companies have minimum taxes or other taxes on their resident companies under their current territorial tax systems, that would actually, again, as in the case of profit shifting reverse the direction of activity and encourage companies to invert into the united states rather than out of the united states. now, this is obviously an important point that has come up in the recent discussion. if one just looks at the border adjustments in isolation and without thinking about the economic responses to them, they would appear to make imports more expensive and exports cheaper. but the border adjustment should lead to dollar appreciation that offsets the potential rise in u.s. import prices and the fall in world prices of exports. that is, trade -- to put it another way, the u.s. trade balance is determined by a variety of things, and simply undergoing what is called a fiscal devaluation that is lowering the world price of u.s. exports and raising the u.s. price of imports is not going to have an appreciable effect on the trade balan
no longer would be any such tax to the extent that other companies have minimum taxes or other taxes on their resident companies under their current territorial tax systems, that would actually, again, as in the case of profit shifting reverse the direction of activity and encourage companies to invert into the united states rather than out of the united states. now, this is obviously an important point that has come up in the recent discussion. if one just looks at the border adjustments in...
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17
Sep 3, 2019
09/19
by
CSPAN2
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eye 17
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income tax, because they are constitutionally required to just have one rate and tax everybody, tax it the same way. their hands are tied from messing up the income tax . now, is it not a given that a state income tax will have a messed up tax system, even messed up income state tax system, a lot of states do it . i don't see that in the future for illinois. i think if they repeal this constitution they will have less tax forces and the one thing that kind of keeps things going in illinois, that is this low income tax, people willing to put up with the rest of it because there's countervailing positives including that, then that will be gone. one of the things i mentioned was wanting to tackle the quality. i've yet to see evidence that tax policy can meaningfully address that. these states with the highest inequality are also the state with the most progressive tax systems.there the states with the millionaires taxes and the income tax. what i do agree with is this is an opportunity that has not really been used forstate to tackle structural changes. one we focus on quite a lot at the
income tax, because they are constitutionally required to just have one rate and tax everybody, tax it the same way. their hands are tied from messing up the income tax . now, is it not a given that a state income tax will have a messed up tax system, even messed up income state tax system, a lot of states do it . i don't see that in the future for illinois. i think if they repeal this constitution they will have less tax forces and the one thing that kind of keeps things going in illinois,...
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58
Apr 30, 2017
04/17
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CSPAN2
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eye 58
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general taxes, for example, sales taxes. the nice thing that politicians love about the sales tax is you can raise it by infinitesimally small, but people have no concept of how that money gets spent. i think in particular that when it comes to water and sewer most of us pay a per gallon fee for the water we drink or the toilets we flashback it seems kind of there the more you drink for the more you flush the more you pay. we could pay for water and sewer with a sales tax but if we get d what people at any incentive to conserve water? when they see a leaky faucet day they see the water going down the drain. but if we pay for with a sales tax, with a caught up by something they did need to to compensate the water authority for what they're wasting? probably not. i'm wondering if there's maybe a lesson for politicians that if you want the public to understand and support taxes, we have to create some better linkages between what people are spending and what people are getting, and that would mean maybe moving away from general
general taxes, for example, sales taxes. the nice thing that politicians love about the sales tax is you can raise it by infinitesimally small, but people have no concept of how that money gets spent. i think in particular that when it comes to water and sewer most of us pay a per gallon fee for the water we drink or the toilets we flashback it seems kind of there the more you drink for the more you flush the more you pay. we could pay for water and sewer with a sales tax but if we get d what...
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19
Nov 29, 2017
11/17
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CSPAN2
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eye 19
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in essence shall the credit applies against your tax liability be it payroll tax or income tax. for a lot of people that are working, they don't make enough money to be paying a lot of income tax, but they pay up to 15.3% of what they make it payroll tax. it is their primary tax liability, and if you don't allow the credit to apply towards that you're not helping them. and who are they? who are the kinds of people that we're talking about? in essence, who are these workers? think you're the waitresses mark i can a $20,000 a year. they're not fully benefiting from this credit right now. if we do it the way senator lee and i are talking about doing, they would. they are the home health aid, the office clerk, the welders making $35,000 a year. they're the truck driver, driver, the nurse, the firefighter making $45,000 a year. the ones who have been left lined for over three decades because no one fights for them. they have been ignored and disrespected. and they're not accounted for in this bill. and they're raising families. our future taxpayers. and it costs money to raise a fami
in essence shall the credit applies against your tax liability be it payroll tax or income tax. for a lot of people that are working, they don't make enough money to be paying a lot of income tax, but they pay up to 15.3% of what they make it payroll tax. it is their primary tax liability, and if you don't allow the credit to apply towards that you're not helping them. and who are they? who are the kinds of people that we're talking about? in essence, who are these workers? think you're the...
44
44
Dec 14, 2014
12/14
by
CSPAN2
tv
eye 44
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we got rid of capital gains tax, estate taxes, excise taxes, medicare taxes, medicaid taxes. we got rid of terrorists. we got rid of all of them, with one exception. we kept something called syntax. syntax, i guess we americans don't like drunk guys smoking while they shoot each other. but the syntax our little bitty tiny tax but if you get rid of all those federal taxes, static revenue neutral, full employment for your tax bills, highest, you could replace all federal taxes today with a flat rate tax on personal an adjusted gross income and a flat rate tax on business net sales, call it value-added, you could do that at a rate of 11.8% of static revenue neutral. no laffer curve effect, none of that. could you imagine what this country would look like today? if we had a flat income tax of 12%, a flat federal value-added tax of 12%. that's it. i mean, you wouldn't even have to file a tax return for god's sake. your company osha 10 100 bucks, they seem to 88 and it's all. if you know your neighbors offer 10 bucks, you have to write in a check for $1.20. that is where we should
we got rid of capital gains tax, estate taxes, excise taxes, medicare taxes, medicaid taxes. we got rid of terrorists. we got rid of all of them, with one exception. we kept something called syntax. syntax, i guess we americans don't like drunk guys smoking while they shoot each other. but the syntax our little bitty tiny tax but if you get rid of all those federal taxes, static revenue neutral, full employment for your tax bills, highest, you could replace all federal taxes today with a flat...
27
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Oct 30, 2021
10/21
by
CSPAN2
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eye 27
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a big tax increase many politicians give you a tax increase but they want to make sure that didn't happen we wanted to make sure that didn't happen so now that i governors and state legislators as simple as they take to put in writing to their voters and the voters of their state they would oppose and vote against any tax increase in the t vast majority of republicans in the house and senate thousand state legislators have made that commitment to their voters and if you ever talk to a congressman or state legislator someone who is running for office have you made that written public commitment to the people of your state the evil reform government and not raise taxes to continue to do all the failed things? it is an interesting divide and then on the various parts of the free market with the market and lower taxes and the second amendment and all the various things people want to be left alone come together and work together to make sure everyone knows that they are doing now there are similar meetings and 45 state capitals and 20 overseas you have a good network people everybody who is i
a big tax increase many politicians give you a tax increase but they want to make sure that didn't happen we wanted to make sure that didn't happen so now that i governors and state legislators as simple as they take to put in writing to their voters and the voters of their state they would oppose and vote against any tax increase in the t vast majority of republicans in the house and senate thousand state legislators have made that commitment to their voters and if you ever talk to a...
7
7.0
Jul 31, 2021
07/21
by
CSPAN3
tv
eye 7
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, the tax rate. after this giveaway, the corporate tax rate was lowered to 21%. secretary yellen, as a result of the trump tax cuts in 2017, what is the new average effective corporate tax rate that u.s. corporations are paying? >> you know, i believe the number that i have seen on an all-inclusive corporate tax rate that would include also state corporate taxes is a little bit under 26%, maybe 25.8%. and if you look at other g7 countries, our effective tax rate is a little bit below theirs. theirs is something closer to 28%. >> well, i think the average effective tax rate paid by u.s. corporations as i've seen it dropped after the trump tax bill, the effective rate, by nearly half to almost 8%. and in new jersey, the average rate for hard-working families was double that of u.s. corporations, at about 15%. isn't it fair to say that the costs of the trump corporate tax cuts was a whopping $1.5 trillion unpaid for? >> it was very expensive. and there really -- i didn't see any, and i believe most econ
, the tax rate. after this giveaway, the corporate tax rate was lowered to 21%. secretary yellen, as a result of the trump tax cuts in 2017, what is the new average effective corporate tax rate that u.s. corporations are paying? >> you know, i believe the number that i have seen on an all-inclusive corporate tax rate that would include also state corporate taxes is a little bit under 26%, maybe 25.8%. and if you look at other g7 countries, our effective tax rate is a little bit below...
2
2.0
Jun 6, 2021
06/21
by
CSPAN2
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eye 2
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spit sometimes politicians will call for a payroll tax cut or a payroll tax holiday to the fica taxes will not go in the system. in the complaint on the back and social security is underfunded. so you will hear a phrase called scrap the cap. essentially means get rid of the social security tax. the have no issue. >> would like to end on a really simple question but probably really hard one. you could pick one thing. one item to change one thing to focus on magically wave a wand and change this thing in the tax code right now, tomorrow, would that one thing be? the biggest priority thing that would matter the most most to you. and curious what you think about that? >> you might answer differently. i would say tax all money, any money you should get in should be tax the same rate. regardless of its her wages, salaries, investment income, investment, inheritance or guestroom god almighty or whatever. >> more strip mine. [laughter] the other when i will say is, no, no, no. that's what it is. it's their money versus your sweat is and norma's a problem in you and making things worse. i woul
spit sometimes politicians will call for a payroll tax cut or a payroll tax holiday to the fica taxes will not go in the system. in the complaint on the back and social security is underfunded. so you will hear a phrase called scrap the cap. essentially means get rid of the social security tax. the have no issue. >> would like to end on a really simple question but probably really hard one. you could pick one thing. one item to change one thing to focus on magically wave a wand and change...
15
15
Aug 18, 2017
08/17
by
CSPAN
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eye 15
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tax is the the death most unamerican tax in this horribly bloated code. you thought you work your whole life to build up a nest egg, then you pass away intrafamily -- and your family, uncle sam can swoop in and take over 40% of everything you've earned over a certain amount. it's just wrong. it is still the number one reason our family-owned n'tinesses and farms are passed down. fast why, permanently repealing -- that is why permanently repealing death tax is in the house republican blueprint. it continues to be a key discussion item >> c-span's "washington journal" live every day with news and policy issues that impact you. , aing up this morning resource editor discusses the trump administration's review of more than two dozen national monument designations my the obama s made by the obama administration. mike noel talks about federal land ownership. also, a ranking member of the natural resources committee on public land policy and national monument preservation. finally, the western energy alliance president discusses the oil and gas industries intere
tax is the the death most unamerican tax in this horribly bloated code. you thought you work your whole life to build up a nest egg, then you pass away intrafamily -- and your family, uncle sam can swoop in and take over 40% of everything you've earned over a certain amount. it's just wrong. it is still the number one reason our family-owned n'tinesses and farms are passed down. fast why, permanently repealing -- that is why permanently repealing death tax is in the house republican blueprint....
41
41
Jul 20, 2015
07/15
by
CSPAN2
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eye 41
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simple tax flat tax. we change the title. we discovered people could not see pre- concepts -- c 3 concepts in there mind at the same time. that is the old can't walk and chew gum. then we had to go on that it was a low rate possible tax and flat. simplicity is important, and i think many of you ii think it is important to stress that we have got to keep it simple because otherwise all we're going to have is increasing complexity. if folks want to no a little bit more how can they do that. >> okay. the good news is you can get the book free online. the easiest way is to google my name. my homepage comes up 1st. you will see in the brief description about me though was the flat tax underlined. you we will go to the hoover press page where you will see the flat tax book. each chapter can be downloaded and printed free of charge as many as you would like. printed thousand. given to your friends. on my same homepage they're is a link to my flat tax blog. and what you will find is i tried to chronicle the histo
simple tax flat tax. we change the title. we discovered people could not see pre- concepts -- c 3 concepts in there mind at the same time. that is the old can't walk and chew gum. then we had to go on that it was a low rate possible tax and flat. simplicity is important, and i think many of you ii think it is important to stress that we have got to keep it simple because otherwise all we're going to have is increasing complexity. if folks want to no a little bit more how can they do that....
32
32
Apr 6, 2014
04/14
by
CSPAN2
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eye 32
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tax. >> host: at the duke law school? >> guest: yes. >> host: you have britain and and -- written in recent book in the title is "learning to love form 1040" two cheers for the return-based mass income tax. a lot of people will look at the cover of this book and go why? >> guest: i'm sure they will. if it was easy to love form 1040 wouldn't need a book about learning how to love it. the basic argument of the book is that although there is a lot of reasons to be frustrated with the 1040 and the fact that the vast majority of the population of the united states has to file income tax returns every year, there is also some under appreciation for the virtues of it. >> host: first of all where did the 1040 come from and why did we call it the 1040? >> guest: that's a great question. i don't actually know the answer. i think the irs has always had an elaborate numbering system for all of its forms but how this happened to be 1040 there's another book fair. >> host: when did it come into creation
tax. >> host: at the duke law school? >> guest: yes. >> host: you have britain and and -- written in recent book in the title is "learning to love form 1040" two cheers for the return-based mass income tax. a lot of people will look at the cover of this book and go why? >> guest: i'm sure they will. if it was easy to love form 1040 wouldn't need a book about learning how to love it. the basic argument of the book is that although there is a lot of reasons to be...
23
23
Sep 28, 2017
09/17
by
CSPAN
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eye 23
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taxes. they get their rate cut from 35 all the way to 20%. now, will this result in hiring workers? their track record says no. for big corporations, corporation profits right now are way up. but wages are not. corporations have plowed all that money into c.e.o. bonuses, dividends for their shareholders, they are plush with money already. there's no proof, no real belief, no real argument that they are going to take this new money and put it into creating jobs. it may be different for small businesses. we're open to tax breaks for small businesses. now, will at least these corporations pay for their massive corporate tax cut by closing egregious corporate loopholes that help multinational corporations avoid paying the fair share of their taxes? not in this outline. there is no indication, none at all, that under this framework that the corporate tax cut will be offset by corporate loophole closures. what about on the individual side? multimillionaires with estates over $11 million, they get
taxes. they get their rate cut from 35 all the way to 20%. now, will this result in hiring workers? their track record says no. for big corporations, corporation profits right now are way up. but wages are not. corporations have plowed all that money into c.e.o. bonuses, dividends for their shareholders, they are plush with money already. there's no proof, no real belief, no real argument that they are going to take this new money and put it into creating jobs. it may be different for small...
468
468
Feb 20, 2011
02/11
by
KCSM
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eye 468
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tax free means you'll never pay tax on it. tax deferred means you won't pay tax on it now, but you will pay tax on it later. that's why you need to create a plan to move your money from accounts that are forever taxed to accounts that are never taxed. you need to start turning taxable money into tax-free money to protect that money from coming increases. some of those increases are already here. here's a story from a client of mine from years ago. a couple of teachers, a married couple-- imagine this--they worked their whole lives, and they had built up $1 million in their retirement accounts, about $1/2 million each. they came to see me back in 1998 when the roth ira first came out. and i told them about this, moving from forever taxed to never taxed, and they took the plunge. they converted $1 million to a roth ira. well, they came to see me recently. that $1 million since has tripled in value. they have over $3 million in a roth ira, all tax free forever. i only wish this on you. but anybody who has a plan can have some ver
tax free means you'll never pay tax on it. tax deferred means you won't pay tax on it now, but you will pay tax on it later. that's why you need to create a plan to move your money from accounts that are forever taxed to accounts that are never taxed. you need to start turning taxable money into tax-free money to protect that money from coming increases. some of those increases are already here. here's a story from a client of mine from years ago. a couple of teachers, a married couple--...
35
35
Dec 20, 2017
12/17
by
CSPAN
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eye 35
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tax cut. vote for reform. n't vote because some leader whipped you and intimidated you. vote for your constituents. vote for your country. and vote to raise the paychecks of america. i yield back. the speaker pro tempore: the gentleman from massachusetts. mr. neal: mr. speaker, the stock market's been going up whipped you and since march of 2009. we have had 88 straight months of economic growth. i yield one minute to the gentlelady from alabama, congresswoman sewell. the speaker pro tempore: the gentlelady from alabama is recognized for one minute. ms. sewell: mr. speaker, the republican majority is ramming this tax bill through calling it a, quote, christmas gift to the american people. i have never seen such intellectual dishonesty in my life. it's more like the grinch that stole christmas. poll after poll, and elections in virginia and my home state of alabama, the american people continue to send the message they do not want this tax bill to move forward. here we're watching the fiscal ha
tax cut. vote for reform. n't vote because some leader whipped you and intimidated you. vote for your constituents. vote for your country. and vote to raise the paychecks of america. i yield back. the speaker pro tempore: the gentleman from massachusetts. mr. neal: mr. speaker, the stock market's been going up whipped you and since march of 2009. we have had 88 straight months of economic growth. i yield one minute to the gentlelady from alabama, congresswoman sewell. the speaker pro tempore:...
SFGTV: San Francisco Government Television
20
20
Oct 21, 2014
10/14
by
SFGTV
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eye 20
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back taxes. we already have the power to do that and this legislation won't change that. what this amendment about back taxes says is that unless and until that money, the back taxes he are paid, home sharing in san francisco is illegal period. and although he it's easy to say, well, it if air bnb doesn't pay the back taxes, we're going to hold up air bnb's ability to have legalized short-term rentals? no, what it means is individual residents of san francisco will not be legally able to do home sharing until those backs taxes are paid and until the years and years of litigation leading up to maybe the payment of the back taxes proceeds. we also know that and we have other litigation that this city is engaged in with expedia, with travel os it, that it is not so clear that air bnb is necessarily the entity that's liable for any back taxes ~. it could be residents of san francisco. so, are we saying that unless the tax collector starts going after residents of san francisco to collect back taxes w
back taxes. we already have the power to do that and this legislation won't change that. what this amendment about back taxes says is that unless and until that money, the back taxes he are paid, home sharing in san francisco is illegal period. and although he it's easy to say, well, it if air bnb doesn't pay the back taxes, we're going to hold up air bnb's ability to have legalized short-term rentals? no, what it means is individual residents of san francisco will not be legally able to do...
0
0.0
Feb 1, 2024
02/24
by
CSPAN
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eye 0
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this is a welfare bill massacre aiding as a tax bill -- masquerading as a tax bill. the "wall street journal" was correct to identify the ways in which this legislation vastly expands the welfare state. and so this is how the bipartisan agreement came together. if the republicans were willing to give the democrats what they wanted for illegal aliens to get massive subsidies and welfare, then the democrats were willing to give the republicans what they wanted on a bunch of business welfare. the child tax credit, as currently contemplated, will be a massive pull factor to bring people into this country illegally and we could have, as the majority party, demanded constraints to stop them from being able to use the money that way. but bipartisanship was more important than good policy. and as my friend from kentucky, mr. massie, noted recently, if you aren't paying taxes and youn the form of a check, that's not a tax cut. that's not even tax policy. that's just welfare. that's just that's just welfare. that's giving people money who didn't initially pay it in. and a bunc
this is a welfare bill massacre aiding as a tax bill -- masquerading as a tax bill. the "wall street journal" was correct to identify the ways in which this legislation vastly expands the welfare state. and so this is how the bipartisan agreement came together. if the republicans were willing to give the democrats what they wanted for illegal aliens to get massive subsidies and welfare, then the democrats were willing to give the republicans what they wanted on a bunch of business...
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well, taxes new and inheritance tax electric says he proposed the 1st income tax bill in 19 i $1.00 and $4.00 very hard for it. leave us with in 1997, he introduced the idea of a progressive scale via and with the 1st world war. in august 1914, the income tax was finally introduced because they had to finance the war, russia, so they through friday, march, good, ample show of new breski full financially folder gail. because of the 1st world war and income tax was established in france in the summer of 1914, it was based on both the british and prussian taxation systems. but it was more symbolic than anything bringing in very little money, especially because declaring income was voluntary and high, earnest weren't taxed at high rates. as the expensive war churned on government once again had to fall back on loans. appealing to patriotism, governments convinced the citizens of france, germany, and britain to finance the 1st world war the highest price was paid by indian soldiers with their lives. but on top of that, it was the vos debt, that, of course, the people would have to pay back l
well, taxes new and inheritance tax electric says he proposed the 1st income tax bill in 19 i $1.00 and $4.00 very hard for it. leave us with in 1997, he introduced the idea of a progressive scale via and with the 1st world war. in august 1914, the income tax was finally introduced because they had to finance the war, russia, so they through friday, march, good, ample show of new breski full financially folder gail. because of the 1st world war and income tax was established in france in the...
19
19
Nov 10, 2017
11/17
by
CSPAN2
tv
eye 19
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cuts, tax simplification and tax reform. i yield the floor. >> thank you. >> carolina. >> today is a good day. we have both the house and the senate working on tax reform that will have a positive impact for your everyday, hard-working americans. this is truly a good day. so often when you hear us talk about tax reform, it sounds like a lot of numbers. i'm not sure how excited or enamored people get with numbers but i'm the kind of guy that believes that tax reform is not about numbers. tax reform is about everyday americans being able to keep more of their hard-earned money. tax reform is about families that, like the one i grew up in, single parent household, working paycheck to paycheck, year in and year out, praying and hoping for something good to happen. today is good news for those single moms and single dads out the. it's also good news for the working class families, dual income, making around $75,000 a year, working every day, trying to make sure they have a little left over for dinner out. we want to say to those
cuts, tax simplification and tax reform. i yield the floor. >> thank you. >> carolina. >> today is a good day. we have both the house and the senate working on tax reform that will have a positive impact for your everyday, hard-working americans. this is truly a good day. so often when you hear us talk about tax reform, it sounds like a lot of numbers. i'm not sure how excited or enamored people get with numbers but i'm the kind of guy that believes that tax reform is not...
141
141
Feb 9, 2012
02/12
by
CSPAN3
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eye 141
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with lowering the corporate tax rate in several recent tax reform plans. also, a number of countries have moved toward economic depreciation to partially finance their reduction in their corporate tax rates. timing of taxes matters. and particularly, for cash-constrained firms, accelerated depreciation can provide important cash flow benefits. accelerated deduction provide benefits similar to an unsecured zero interest rate loan from the federal government. at today's historically low interest rates, the value of accelerated tax deductions is relatively modest for kworpgss with access to capital markets. many corporate tax executives as dr. hanlan noted focus not only on cash tax liabilities but on their reported financial statement effective tax rates and reported book earnings. temporary book tax differences like accelerated depreciation and many other provisions do not affect the total financial statement effective tax rate, which is based on the total accrued tax expense both current and deferred. a lower corporate tax rate and accelerated depreciation
with lowering the corporate tax rate in several recent tax reform plans. also, a number of countries have moved toward economic depreciation to partially finance their reduction in their corporate tax rates. timing of taxes matters. and particularly, for cash-constrained firms, accelerated depreciation can provide important cash flow benefits. accelerated deduction provide benefits similar to an unsecured zero interest rate loan from the federal government. at today's historically low interest...
SFGTV: San Francisco Government Television
95
95
Jul 22, 2010
07/10
by
SFGTV
tv
eye 95
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tax meant to transfer tax meant to me-stroke. me ♪ now you know i wouldn't lie ♪ i don't want budget tax to say good-bye ♪ now i don't want budget tax for transfer property to say good-bye ♪ ever since property tax has been leaving me i've been wanting to die ♪ now i want what tax meant to me and i surely wouldn't lie ♪ now i don't want property tax to say good-bye ♪ no i don't want it to say good-bye ♪ supervisor avalos: next speaker, please. >> district 6 neighborhood activist. of course he doesn't do studies on whether increasing funding for a park is going to create jobs or not, because those studies are almost impossible to tell one way or another. you know, it's one thing one way, one thing the other way. the fact is if this body and the city spends its money wisely and properly, it will create jobs and will be a benefit to the economy. if you do poorly, then you lose jobs. this idea that somehow in 14 years it's going to be a net job killer, well, that would -- the only way that would be the case is if the
tax meant to transfer tax meant to me-stroke. me ♪ now you know i wouldn't lie ♪ i don't want budget tax to say good-bye ♪ now i don't want budget tax for transfer property to say good-bye ♪ ever since property tax has been leaving me i've been wanting to die ♪ now i want what tax meant to me and i surely wouldn't lie ♪ now i don't want property tax to say good-bye ♪ no i don't want it to say good-bye ♪ supervisor avalos: next speaker, please. >> district 6 neighborhood...
22
22
Aug 30, 2014
08/14
by
CSPAN
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eye 22
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tax and deduct the foreign taxes. if the foreign taxes exceed the u.s. taxes, which is extremely rare these days, there is no u.s. tax due. if there is additional u.s. tax due, you have to write a check to the treasury. this requires you to figure out what its form-source income and u.s.-source income. there is a complex system of rules governing income sourcing for purposes of determining income is foreign or u.s.-sourced. that employs a great many lawyers and accountants throughout the country working for businesses, u.s. businesses and foreign businesses doing business in the united states. we do tax form businesses doing business in the united states in one of two ways. i can have a u.s. subsidiary or do business directly, in which case they are taxed on income inside the united states. you have to figure out what that means. the foreign tax credit is not as simple as i made it sound. it is subject to separate limitations. you have to calculate various types of income. income, country financial services income, so on down the line. it is divided up s
tax and deduct the foreign taxes. if the foreign taxes exceed the u.s. taxes, which is extremely rare these days, there is no u.s. tax due. if there is additional u.s. tax due, you have to write a check to the treasury. this requires you to figure out what its form-source income and u.s.-source income. there is a complex system of rules governing income sourcing for purposes of determining income is foreign or u.s.-sourced. that employs a great many lawyers and accountants throughout the...
300
300
Jul 10, 2012
07/12
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CNBC
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eye 300
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president obama keeps calling his new tax plan a middle plan tax cut. it is not a tax cut. it is a tax status quo for nearly 10 years. the only thing that's going on is a tax hike on successful earnings and small businesses. and you can bet this tax hike will be used for more federal spending. the dow takes another beating closing down 83 points. the king dollar is so strong it reaches a new high against the euro. the house will vote once again to repeal obamacare. comes as a new survey shows 83% of doctors are considering quitting over obamacare. but first, mitt romney dubs the president the outsourcer in chief. >> good evening. it was an eventful day out on the campaign trail today. the president for his part taking his campaign to extend the bush tack cut out on the campaign trail, going iowa, stopping in for a little ice cream and a little photo op here. the president making the case that the republicans need to come together with him to make a deal. >> go ahead and do the 98% and we can keep arguing about the 2%. let's agree when we can agree. let's not hold the vast m
president obama keeps calling his new tax plan a middle plan tax cut. it is not a tax cut. it is a tax status quo for nearly 10 years. the only thing that's going on is a tax hike on successful earnings and small businesses. and you can bet this tax hike will be used for more federal spending. the dow takes another beating closing down 83 points. the king dollar is so strong it reaches a new high against the euro. the house will vote once again to repeal obamacare. comes as a new survey shows...